Very recently, I learned that dear friends of mine had opened an investment account for their child who had recently turned 18 years old. My reaction was one of happiness because my friends are nurturing the seeds of intergenerational wealth for their family. The intent is to help the offspring build the habit of investing […]
Today, I read a Twitter thread about inflation and its impact on money. So many people feel that their paycheques are not going as far as they did before. Their net income is going to shelter, groceries, and utilities. Yet, they feel that it’s harder and harder to survive from one paycheque to the next. […]
This week, I made a slight tweak to my savings account and it will result in my savings account earning 12.5x as much interest as I was earning before. Yes – you read that correctly. I will earn 12.5x more interest by making one small adjustment to my automatic transfers. At the time of this […]
Learning about personal finance and investing has been a hobby of mine for the better part of 30 years… wow – that’s a long time! No wonder I make those odd noises when I get up from the couch… Anyway, one of the first books that set me on my successful path was The Total […]
HELOC is an acronym that stands for home equity line of credit. It is a way for homeowners to access the equity in their homes without actually selling the home. Banks love these kinds of loans because they are secured by the property. For this reason, HELOCs are risky – they put your shelter at […]
How are you doing with your money goals? At the time of this post, two-thirds of 2021 are in the rearview mirror. We’re heading into the final quarter of the year, so you should have a good handle on your progress. Have you been able to allocate your money towards your most important goals? If […]
I’m going to take a leap of faith and assume that, if you’re reading this, then you also wish that you made more money. You work hard – you’ve got bills – there are things you want to do with your money. However, it seems like there’s never enough money to go around. You’ve applied […]
Two thirds of 2021 are in the rearview mirror. You should probably spend a few minutes figuring out if you’re doing what you want with your money. have you built a solid-sized emergency fund? if you’re in a toxic work environment, have you bought horrible-boss insurance? are you investing for the future while also living […]
During my time on this little blue ball we all call home, I’ve learned a few things. This blog is about personal finance so I’ll limit my comments here to that topic. Today, I’d like to take a look at credit cards. Many people attribute negative associations to these little plastic rectangles. It’s easy to […]
One of the biggest downfalls of the online personal finance community is the lack of balance. I suppose that’s partly due to the fact that we’re all competing for eyeballs on the screen, and extreme headlines garner more attention. It’s unfortunate though. I think more people would be willing to consider pursuing FIRE if they […]